Smart Token Chain, a blockchain specialist in the fintech sector, announced on Thursday it completed its first full smart token transaction across the Ripple Network.The company reported Ripple gives it access to a wide range of partners and customers without having to establish a digital relationship.
Sharing details about the transaction, CTO of Smart Token Chain, Morris Mwanga, stated:
“This test confirms the robustness of our blockchain-based solution leveraging our patent-pending Smart Tokens, and deepening trust in our ability to bring speed, accuracy and security to transactions across distributed ledger platforms.”
Smart Token Chain CEO, Tom Meredith, also commented:
“Connecting to Ripple gives Smart Token Chain the most efficient, lowest cost network to move Smart ID Tokens and other asset or message tokens between counterparties. Our successful test proves low cost, faster, more secure global transactions are no longer a thing of the future. The trend toward a global standard in building and sharing Smart Tokens is accelerating. We have a clear vision as to how Smart Tokens can interoperate disparate blockchains in an increasingly fragmented market.”
Smart Token Chain added that it is planning to use Ripple’s platform to move payments globally and for networks.
